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In 50 Words: KakaoBank to acquire 10% stake in new Indonesian digibank
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In 50 Words: KakaoBank to acquire 10% stake in new Indonesian digibank

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KakaoBank, the South Korean online-only bank, plans to acquire a 10% stake in Indonesia-based Superbank. The collaboration is expected to boost KakaoBank’s expertise in the Southeast Asian market and aid Superbank’s launch.

Backed by Grab, Singtel, and Emtek Group, Superbank aims to offer personalized financial services to underbanked retail clients and MSMEs in Indonesia.

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